Versor Investments LP Decreases Stock Holdings in The AZEK Company Inc. (NYSE:AZEK)

Versor Investments LP reduced its holdings in The AZEK Company Inc. (NYSE:AZEK) by 68.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,200 shares of the company’s stock after selling 13,252 shares during the period. Versor Investments LP’s holdings in AZEK were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Equitable Trust Co. grew its position in AZEK by 2.2% in the third quarter. Equitable Trust Co. now owns 10,346 shares of the company’s stock worth $484,000 after acquiring an additional 226 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of AZEK by 39.1% in the 4th quarter. GAMMA Investing LLC now owns 851 shares of the company’s stock valued at $40,000 after purchasing an additional 239 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of AZEK by 1.6% in the 4th quarter. Truist Financial Corp now owns 16,706 shares of the company’s stock worth $793,000 after purchasing an additional 255 shares during the period. Creative Planning increased its position in shares of AZEK by 6.6% during the 3rd quarter. Creative Planning now owns 6,987 shares of the company’s stock valued at $327,000 after purchasing an additional 430 shares during the last quarter. Finally, Covestor Ltd raised its holdings in AZEK by 18.8% during the 3rd quarter. Covestor Ltd now owns 2,758 shares of the company’s stock valued at $129,000 after buying an additional 436 shares during the period. 97.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other AZEK news, CEO Jesse G. Singh sold 20,387 shares of AZEK stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $50.08, for a total value of $1,020,980.96. Following the transaction, the chief executive officer now owns 883,765 shares in the company, valued at $44,258,951.20. The trade was a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Samara Toole sold 1,709 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $53.00, for a total transaction of $90,577.00. Following the sale, the chief marketing officer now directly owns 16,632 shares of the company’s stock, valued at approximately $881,496. The trade was a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,709 shares of company stock worth $3,060,151 over the last 90 days. Company insiders own 3.20% of the company’s stock.

AZEK Stock Performance

Shares of AZEK stock opened at $45.88 on Tuesday. The company has a current ratio of 2.56, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The stock’s fifty day moving average price is $48.90 and its 200-day moving average price is $47.19. The firm has a market cap of $6.59 billion, a P/E ratio of 46.34, a P/E/G ratio of 1.91 and a beta of 1.94. The AZEK Company Inc. has a 12 month low of $35.48 and a 12 month high of $54.91.

AZEK (NYSE:AZEK) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. On average, equities research analysts expect that The AZEK Company Inc. will post 1.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Truist Financial lifted their price objective on shares of AZEK from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group upped their price target on shares of AZEK from $52.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Barclays raised their price objective on shares of AZEK from $58.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. upped their target price on AZEK from $48.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, DA Davidson raised their price target on AZEK from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, AZEK has a consensus rating of “Moderate Buy” and an average target price of $54.85.

About AZEK

The AZEK Company Inc engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, such as decking, railing, trim and molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, ULTRALOX, StruXure, and INTEX brands.